Everything You Should Know About Double Entry Bookkeeping

One of the fundamental laws of Physics namely Newton’s 3rd law of motion, states that ‘every action has an equal and opposite reaction’. The application of this law is extended to bookkeeping as well. Perplexed, right? You must be thinking that we are a lost cause, but we aren’t. Whether you have a startup, entrepreneur… Continue reading Everything You Should Know About Double Entry Bookkeeping

Everything You Need To Know About Financial Reporting

We all have heard the headline on a business news channel that a company made X percentage of profits. Haven’t you? Have you ever wondered where this data comes from? Naah? Don’t worry, we are here to help you. Publicly listed companies are liable to release financial reports to inform their investors about the financial… Continue reading Everything You Need To Know About Financial Reporting

How to Pay GST Challan Online?

One of the most common questions asked these days by some businessmen is how to pay GST challan online. In this article, we will discuss everything about how to pay GST challan online. What is GST Payment? Businesses make GST payments to the government for selling goods or providing services. When you buy goods from… Continue reading How to Pay GST Challan Online?

A Guide On Invoice Management For New-Age Companies

What if we tell you that you are paying more than what is mentioned on the invoice? You’ll think we have gone nuts, right? But it isn’t so. A study carried out in the USA concluded that manual invoice processing costs anywhere from $15 to $ 40 per invoice. In India, it could be lower… Continue reading A Guide On Invoice Management For New-Age Companies

10 Reasons Why Your Small Business Needs Invoice

Micro, Small & Medium enterprises are the backbones of India’s economy. It contributes to 30% of the GDP of India. Thus, they lead the growth story of the economy of India. The government has taken several initiatives to further bolster the growth of micro and small industries. One such initiative is GST. After the implementation… Continue reading 10 Reasons Why Your Small Business Needs Invoice

GST Software: Everything You Need To Know About E-Way Bill

Before GST, state taxes were levied on interstate sales of goods and services. And a part of it was shared with the central government. This old tax regime was complex and ambiguous; thus, GST was implemented. Under this new tax system, businesses can avail goods and services outside of their states without paying additional taxes,… Continue reading GST Software: Everything You Need To Know About E-Way Bill

How to Manage Bookkeeping for eCommerce Business

Keeping up with bank statements, invoices, and income after you start your online business can be overwhelming. It’s hard to tell where all your profit is going. To have a successful eCommerce business, you need to start by learning how to manage your bookkeeping correctly. So in this blog, you can learn how to manage… Continue reading How to Manage Bookkeeping for eCommerce Business

Business Planning: 9 Tips for The New Financial Year & Beyond

With the new year comes new beginnings. It brings happiness and hopes to our lives. Also, it is a time to reflect and re-strategize our game plan, be it personal or business. Utilize this time in the best possible way to take your business to the next level. In this blog, we will discuss how… Continue reading Business Planning: 9 Tips for The New Financial Year & Beyond

E-Invoice: Regulations & Generate E-Invoice with Munim

The Central Board of Direct tax and Customs announced that e-invoicing will be mandatory for businesses with an annual turnover exceeding Rs. 5 crores. This new regulation will come into effect on 1st January 2023. In order to comply with these regulatory requirements you need the best e-invoicing software like Munim. In this blog, we… Continue reading E-Invoice: Regulations & Generate E-Invoice with Munim